Canadian energy stocks have been dragged down by negative sentiment in oil markets, but many of these companies continue to generate ample cash flow, even with oil at $70
Still, despite the grim earnings outlook, Wall Street still believes that Canadian energy stocks will outperform their American brethren, with theS&P 500 Energy Index.
As for the big banks beginning to balk on the fossil fuel sector, well, the sector does not appear to be in danger of running out of backers any time soon, with YTD Returns: -0.9% operates as an energy infrastructure company. Back in November, Enbridge told shareholders that it expects to . Q1 Non-GAAP EPS of C$0.85, C$0.01 above the Wall Street consensus while EBITDA of $4.5 billion was good for 9.8% Y/Y growth. Distributable cash flow clocked in at $3.2 billion, representing a 3.2% Y/Y increase. The company reaffirmed its full-year EBITDA and DCF guidance, though it warned that strong operational performance is expected to be offset by higher financing costs due to increased interest rates..
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